Bill Text: HI HB1187 | 2019 | Regular Session | Amended


Bill Title: Relating To The Employees' Retirement System.

Spectrum: Bipartisan Bill

Status: (Engrossed) 2019-04-22 - Received notice of Senate conferees (Sen. Com. No. 948). [HB1187 Detail]

Download: Hawaii-2019-HB1187-Amended.html

HOUSE OF REPRESENTATIVES

H.B. NO.

1187

THIRTIETH LEGISLATURE, 2019

H.D. 1

STATE OF HAWAII

S.D. 2

 

 

 

 

 

A BILL FOR AN ACT

 

 

RELATING TO THE EMPLOYEES' RETIREMENT SYSTEM.

 

 

BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF HAWAII:

 


     SECTION 1.  There is appropriated from other funds of the employees' retirement system pension trust (BUF141) for fiscal biennium 2019-2021, the additional sum of $          for fiscal year 2019-2020 and the additional sum of $          for fiscal year 2020-2021, to be expended as follows:

     (1)  $          for fiscal year 2019-2020 and $          for fiscal year 2020-2021 for mandatory migration of the employees' retirement system's information technology systems to the cloud and maintenance of software compliance for ongoing operation of these systems;

     (2)  $          for fiscal year 2019-2020 and $          for fiscal year 2020-2021 for actuarial services required by Act 85, Session Laws of Hawaii 2017, and associated increased legal costs;

     (3)  $          for fiscal year 2019-2020 and $          for fiscal year 2020-2021 for one full-time equivalent (1.0 FTE) permanent investment officer position for the employees' retirement system's $17,000,000,000 investment portfolio;

     (4)  $          for fiscal year 2019-2020 and $          for fiscal year 2020-2021 for two full-time equivalent (2.0 FTE) permanent retirement claims examiner positions in the retirement benefits branch to provide the services requested from the employees' retirement system's membership and meet increased workload demands and service standards for the system's growing membership base;

     (5)  $          for fiscal year 2019-2020 and $          for fiscal year 2020-2021 for one full-time equivalent (1.0 FTE) temporary information technology position in the information systems branch to complete upgrade requirements and implement mandatory statutory changes; and

     (6)  $          for fiscal year 2019-2020 and $          for fiscal year 2020-2021 for an automated call distribution telephone system to replace the existing outdated telephone system.

     The sums appropriated shall be expended by the employees' retirement system for the purposes of this Act.

     SECTION 2.  This Act shall take effect on January 1, 2051.



 

Report Title:

Employees' Retirement System; Authorization of Other Funds

 

Description:

Authorizes from other funds of the Employees' Retirement System Pension Trust (BUF141) for fiscal biennium 2019-2021, the additional sum of $          for fiscal year 2019-2020, and the additional sum of $          for fiscal year 2020-2021 for various ERS operating costs and services.  Takes effect 1/1/2051.  (SD2)

 

 

 

The summary description of legislation appearing on this page is for informational purposes only and is not legislation or evidence of legislative intent.

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